8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported) October 25, 2007

Synovus Financial Corp.

(Exact Name of Registrant as Specified in its Charter)

Georgia	1-10312	58-1134883
(State of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

1111 Bay Avenue, Suite 500, Columbus, Georgia 31901
(Address of principal executive offices) (Zip Code)

(706) 649-2267
(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

EX-99.1 SYNOVUS' PRESS RELEASE RE: FINANCIAL RESULTS

EX-99.2 SUPPLEMENTAL INFORMATION

EX-99.3 SYNOVUS' PRESS RELEASE RE: SPINOFF TRANSACTION

EX-99.4 QUESTIONS & ANSWERS

Item 2.02

Results of Operations and Financial Condition.

On October 25, 2007, Synovus issued a press release and will hold an investor call and webcast to disclose financial results for the quarter ended September 30, 2007. The press release and Supplemental Information for use at this investor call are attached hereto as Exhibits 99.1 and 99.2 and incorporated herein by reference. This information shall not be deemed to be filed for purposes of Section 18 of the Securities Exchange Act of 1934 or incorporated by reference into any document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934 except as shall be expressly set forth by specific reference in such filing.

Item 7.01	Regulation FD Disclosure.
	See Item 2.02 above.

Item 8.01	Other Events.
	On October 25, 2007, Synovus announced that its Board of Directors has approved an agreement and plan of distribution with TSYS to spin-off to Synovus’ shareholders the shares of TSYS stock currently owned by Synovus. Synovus currently owns 80.8% of TSYS. The spin-off is expected to be tax-free to Synovus and its shareholders. Based on the number of Synovus shares outstanding as of September 30, 2007, Synovus expects that it would distribute approximately .49 share of TSYS for each share of Synovus stock; however, the final distribution ratio will be based on the number of Synovus shares outstanding on the record date and, accordingly, this preliminary distribution ratio is subject to change. The record date is expected to be on or around December 18, 2007. Synovus shareholders will receive cash in lieu of fractional shares for amounts of less than one TSYS share.
	Pursuant to the agreement and plan of distribution, TSYS will pay on a pro rata basis to its shareholders, including Synovus, a one-time cash dividend of $600mm or approximately $3.04 per TSYS share based on the number of TSYS shares outstanding as of September 30, 2007. The final per share dividend will be determined based on the number of TSYS shares outstanding on the record date for the TSYS cash dividend, which record date is currently expected to be on or around December 17, 2007. Pursuant to the agreement and plan of distribution, Synovus will receive approximately $485mm in proceeds from this one-time cash dividend.
	Both the distribution of the TSYS shares by Synovus and the payment of the one-time cash dividend by TSYS are conditioned upon certain conditions, including the approval of the spin-off by the Georgia Department of Banking and Finance, which are set forth in the Agreement and Plan of Distribution between the parties. Synovus intends to file this document as an exhibit to a Current Report on Form 8-K with the Securities and Exchange Commission. A copy of the press release issued by Synovus is attached hereto as Exhibit 99.3 and incorporated herein by reference. A copy of the Questions and Answers to be posted on the Synovus website is attached hereto as Exhibit 99.4 and incorporated herein by reference.

2

Item 9.01	Financial Statements and Exhibits.
		(d)	Exhibits
		Exhibit No.	Description
		99.1	Synovus’ press release dated October 25, 2007 regarding financial results for the quarter ended September 30, 2007
		99.2	Supplemental Information prepared for use with the press release regarding financial results for the quarter ended September 30, 2007
		99.3	Synovus’ press release dated October 25, 2007 regarding the spin-off transaction
		99.4	Questions and Answers

3

Signature

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, Synovus has caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	SYNOVUS FINANCIAL CORP. (“Synovus”)
Dated: October 25, 2007	By:	/s/ Kathleen Moates
		Kathleen Moates
		Senior Deputy General Counsel

4

EXHIBIT INDEX

Exhibit No.	Description
99.1	Synovus’ press release dated October 25, 2007 regarding financial results for the quarter ended September 30, 2007
99.2	Supplemental Information prepared for use with the press release regarding financial results for the quarter ended September 30, 2007
99.3	Synovus’ press release dated October 25, 2007 regarding the spin-off transaction
99.4	Questions and Answers

EX-99.1

Exhibit 99.1

     For Immediate Release

Contact:	Patrick A. Reynolds
	Director of Investor Relations
	(706) 649-4973

Synovus Reports Earnings per Share of $0.43 for Third Quarter 2007

Company Aggressively Deals with Credit Issues

Columbus, Ga., October 25, 2007 — Synovus reports diluted earnings per share of $0.43 for the third quarter 2007 compared to $0.47 for the third quarter of 2006. Net income was $142.1 million for the quarter compared to $154.1 million for the same period last year. The third quarter of 2007 results include $5.6 million (net of income taxes and minority interest) in expenses related to the intended distribution of Synovus’ ownership interest in TSYS to Synovus’ shareholders in a spin-off transaction. Excluding these expenses, diluted earnings per share for the quarter was $0.45, down 5.1% from the same period a year ago, while net income was $147.7 million, down 4.1% compared to the same period a year ago.

     Return on average assets for the quarter was 1.70% and return on average equity was 14.02% compared to 2.00% and 17.63%, respectively, in the same period last year. Shareholders’ equity at September 30, 2007, was $4.06 billion, which represented a very strong 12.10% of quarter-end assets. Total assets ended the quarter at $33.6 billion, an increase of 7.1% from the same period last year. The ratio of nonperforming assets to loans and other real estate was 1.16%, compared to 0.87% last quarter and 0.52% in the third quarter of last year. The net charge-off ratio for the quarter was 0.51% compared to 0.25% last quarter and 0.20% in the third quarter of last year. The allowance for loan losses was 1.38% of loans, compared to 1.30% last quarter and 1.32% in the third quarter last year. The provision for loan losses covered net charge-offs by 1.78x for the quarter.

     Synovus Chairman and Chief Executive Officer Richard E. Anthony said, “With further weakness in our residential construction and residential development portfolios, we have taken actions to aggressively deal with these portfolios and get these issues behind us as quickly as possible. A significant amount of the credit issues during the quarter are centered in the Ft. Myers/Cape Coral, Florida area residential construction portfolio. In fact, this portfolio represented approximately half of net charge-offs for the quarter. These losses were due to the residential housing price decline of approximately 40% in the area. The other areas contributing to the increase in nonperforming loans and provision for loan losses were in the panhandle of Florida and south Atlanta markets.”

     Financial Services’ net income was $86.5 million compared to $110.0 million for the third quarter last year. Excluding spin-off related expenses, third quarter net income was $90.7 million. Net interest income remained unchanged compared to the third quarter of last year. Total loans grew 6.5% compared to the same period last year. On a sequential quarter basis (annualized), commercial and industrial loans grew 3.8% and retail loans grew 14.7% while commercial real estate loans declined by 0.3%. Total core deposit growth (excludes brokered

Post Office Box 120 / Columbus, GA 31902
www.synovus.com

Synovus Reports Earnings per Share of $0.43 for Third Quarter 2007/p. 2

time deposits) was 3.3% over the third quarter of 2006. On a sequential quarter basis, core deposits declined 4.9% (annualized), primarily due to seasonal weakness in transaction accounts and the runoff of higher cost certificates of deposit. The net interest margin for the quarter was 4.02%, compared to 4.05% last quarter and 4.30% in the third quarter of last year.

     Financial Services’ non-interest income was up 18.9% over the third quarter last year with increases in brokerage and investment banking revenue of 24.9%, fiduciary and asset management fees — which include trust, financial planning and asset management fees — of 3.7%, and bankcard fees of 4.2%. During the quarter, Financial Services recorded a $6.8 million after-tax valuation gain from investments by Total Technology Ventures, our venture capital subsidiary. Additionally, Financial Services recorded a $1.8 million after-tax gain from the sale of MasterCard stock. Financial Services’ non-interest expense was up 7.0% compared to the third quarter of 2006. During the quarter, Financial Services incurred $4.2 million in expenses related to the intended spin-off of all of the TSYS shares held by Synovus to Synovus’ shareholders.

     Presentation of net income and diluted net income per share excluding the expenses associated with the intended TSYS spin-off are non-GAAP (Generally Accepted Accounting Principles) financial measures. The following table reconciles net income and diluted net income per share, comparing non-GAAP financial measures to GAAP financial measures.

	Three Months Ended							Nine Months Ended
	September 30,							September 30,
(In thousands, except per	2007		2006		% Chg			2007		2006		% Chg
share data)
Financial Services:
Net income	$	86,472		109,983		(21.4	%)		296,527		310,127		(4.4	%)
Spin-off related expenses incurred by Synovus Financial Services, net of income taxes		4,245		—	nm				4,606		—	nm
Net income as adjusted		90,717		109,983		(17.5	)		301,133		310,127		(2.9	%)
TSYS:
Net income, net of minority interest		55,612		44,083		26.2			155,059		131,243		18.1
Spin-off related expenses incurred by TSYS, net of income taxes and minority interest		1,367		—	nm				1,368		—	nm
Net income as adjusted		56,979		44,083		29.3			156,427		131,243		19.2
Consolidated net income as adjusted	$	147,696		154,066		(4.1	%)		457,560		441,370		3.7	%
Net income per diluted share	$	0.43		0.47		(8.7	%)		1.37		1.37		0.1	%
Spin-off related expenses, net of income taxes and minority interest		0.02		—	nm				0.02		—	nm
Net income per diluted share as adjusted	$	0.45		0.47		(5.1	%)		1.39		1.37		1.4	%

Notes:

nm = not meaningful

Synovus believes that the above non-GAAP financial measures provide meaningful information to assist investors in understanding Synovus’ financial results, exclusive of items that management believes are not reflective of its ongoing operating results. The non-GAAP

Post Office Box 120 / Columbus, GA 31902
www.synovus.com

Synovus Reports Earnings per Share of $0.43 for Third Quarter 2007/p. 3

measures should not be considered by themselves or as a substitute for the GAAP measures. The non-GAAP measures should be considered as an additional view of the way Synovus’ financial measures are affected by the non-recurring costs associated with the intended distribution of Synovus’ ownership interest in TSYS to Synovus’ shareholders in a spin-off transaction.

     TSYS reported net income of $68.8 million for the third quarter 2007 compared to $54.3 million last year, a 26.7% increase. Diluted earnings per share for the quarter increased to $0.35, up from $0.28 last year, a 26.5% increase. During the quarter, TSYS signed new agreements with Discover Financial Services, Nationwide, the world’s largest Building Society, and Tinkoff Credit Systems, a Moscow-based consumer lending bank. Additionally, TSYS successfully launched with Lloyds TSB a new money transfer card in the UK and with The Gift Voucher Shop a retail gift card campaign in hundreds of Post Offices in Ireland. TSYS also announced a multi-year agreement to provide merchant processing services to Veracity Payment Solutions.

     Anthony continued, “We have addressed our non-performing loans and have recognized what we believe to be appropriate charges given the current environment. During the quarter, our net interest margin was stable, in light of the greater than expected move by the Federal Reserve in lowering rates. After the first nine months in 2007, we now expect full year earnings per share to be approximately $1.85.”

     Synovus’ 2007 earnings outlook is based on the following assumptions for the full year:

• Mid single digit loan growth.

• Net interest margin of approximately 4.04%.

• Net charge-off ratio of approximately 0.34%.

The aforementioned earnings guidance of approximately $1.85 does not include the expenses associated with the TSYS spin-off transaction.

     Synovus will host an earnings highlights conference call at 4:30 pm EDT, on October 25, 2007. Shareholders and other interested persons may listen to this conference call via simultaneous Internet broadcast at www.synovus.com by clicking on the “Live Webcast” icon. You may download RealPlayer or Windows Media Player (free download available) prior to accessing the actual call or the replay. The replay will be archived for 12 months and will be available 30-45 minutes after the call.

Synovus (NYSE: “SNV”) is a financial services holding company with $34 billion in assets based in Columbus, Georgia. Synovus provides commercial and retail banking, as well as investment services, to customers through 37 banks, 440 ATMs, and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee; and electronic payment processing through an 81-percent stake in TSYS (NYSE: “TSS”), one of the world’s largest companies for outsourced payment services. The company focuses on its unique decentralized customer delivery model, position in high-growth Southeast markets and commitment to being a great place to work to ensure the delivery of unparalleled customer experiences. Synovus has been named one of “The 100 Best Companies to Work For” in America by FORTUNE magazine, and has been recognized in its Hall of Fame for consecutive appearances on the list since its inception in 1998. See Synovus on the Web at www.synovus.com.

Post Office Box 120 / Columbus, GA 31902
www.synovus.com

Synovus Reports Earnings per Share of $0.43 for Third Quarter/p. 4

This press release contains statements that constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 as amended by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among others, statements regarding Synovus’ belief that it has recognized appropriate charges regarding non-performing loans given the current environment, Synovus’ expected earnings per share for 2007, statements regarding the expected distribution by Synovus of its ownership interest in TSYS, and the assumptions underlying such statements, including, with respect to Synovus’ expected earnings per share for 2007, mid single digit loan growth, a net interest margin of approximately 4.04%, and a net charge-off ratio of approximately 0.34%. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. A number of important factors could cause actual results to differ materially from those contemplated by the forward- looking statements in this press release. Many of these factors are beyond Synovus’ ability to control or predict. These factors include, but are not limited to, competitive pressures arising from aggressive competition from other financial service providers; factors that affect the delinquency rate on Synovus’ loans and the rate at which Synovus’ loans are charged off; changes in the cost and availability of funding due to changes in the deposit market and credit market, or the way in which Synovus is perceived in such markets; inflation, interest rate, market and monetary fluctuations; TSYS does not perform within its range of guidance; the strength of the United States economy in general and the strength of the local economies in which Synovus conducts operations may be different than expected; the timely development of competitive new products and services and the acceptance of such by customers; Synovus’ inability to control expenses; a deterioration in credit quality or a reduced demand for credit; the costs and effects of litigation, regulatory investigations, or similar matters, or adverse facts and developments related thereto, including the FDIC’s investigation of the policies, practices and procedures used by Columbus Bank and Trust Company (a subsidiary of Synovus) in connection with the credit card programs offered pursuant to its Affinity Agreement with CompuCredit Corporation; the impact of the application of and/or changes in accounting principles; the effects of changes in government policy, laws and regulations, or the interpretation or application thereof, including restrictions and/or limitations arising from banking laws, regulations and examinations; changes in consumer spending, borrowing and saving habits; technological changes; and the impact on Synovus’ business, as well as on the risks set forth above, of various domestic or international military or terrorist activities or conflicts. Additional factors that could cause actual results to differ materially from those contemplated in this press release can be found in Synovus’ filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. We believe these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations. We do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise.

###

Post Office Box 120 / Columbus, GA 31902
www.synovus.com

EX-99.2

Exhibit 99.2

Synovus

5 of 12

INCOME STATEMENTS

(Unaudited)	Nine Months Ended
(In thousands, except per share data)	September 30,
	2007			2006			Change
Interest Income (Taxable Equivalent)	$	1,688,504			1,475,205			14.5	%
Interest Expense		812,284			628,594			29.2
Net Interest Income (Taxable Equivalent)		876,220			846,611			3.6
Tax Equivalent Adjustment		3,887			4,369			(11.0	)
Net Interest Income		872,333			842,242			3.5
Provision for Loan Losses		99,566			56,473			76.3
Net Interest Income After Provision		772,767			785,769			(1.7	)
Non-Interest Income:
Electronic Payment Processing Services		710,648			683,499			4.0
Merchant Acquiring Services		190,120			195,318			(2.7	)
Other Transaction Processing Services Revenue		161,910			134,760			20.1
Service Charges on Deposits		83,156			84,281			(1.3	)
Fiduciary and Asset Management Fees		37,002			35,090			5.4
Brokerage and Investment Banking Revenue		23,381			20,009			16.9
Mortgage Banking Income		20,876			22,419			(6.9	)
Bankcard Fees		35,370			33,085			6.9
Securities Gains (Losses)		891			(2,119	)	nm
Other Fee Income		29,749			29,664			0.3
Other Non-Interest Income		55,339			30,491			81.5
Non-Interest Income before Reimbursable Items		1,348,442			1,266,497			6.5
Reimbursable Items		279,727			267,825			4.4
Total Non-Interest Income		1,628,169			1,534,322			6.1
Non-Interest Expense:
Personnel Expense		777,842			717,825			8.4
Occupancy and Equipment Expense		284,556			297,700			(4.4	)
Other Non-Interest Expense		302,637			314,518			(3.8	)
Spin-off Related Expenses		6,298			—		nm
Non-Interest Expense before Reimbursable Items		1,371,333			1,330,043			3.1
Reimbursable Items		279,727			267,825			4.4
Total Non-Interest Expense		1,651,060			1,597,868			3.3
Minority Interest in Consolidated Subsidiaries		38,139			31,311			21.8
Income from Continuing Operations before Income Taxes		711,737			690,912			3.0
Income Taxes		264,351			249,542			5.9
Income from Continuing Operations		447,386			441,370			1.4
Discontinued Operations, Net of Income Taxes		4,200			—		nm
Net Income	$	451,586			441,370			2.3
Basic Earnings Per Share
Income from Continuing Operations	$	1.37			1.38			(0.6	)%
Net Income		1.38			1.38			0.3
Diluted Earnings Per Share
Income from Continuing Operations		1.36			1.37			(0.8	)
Net Income		1.37			1.37			0.1
Dividends Declared Per Share		0.62			0.59			5.1
Return on Average Assets *		1.85	%		2.01		(16)bp
Return on Average Equity *		15.52			18.04			(252	)
Average Shares Outstanding — Basic		326,443			320,063			2.0	%
Average Shares Outstanding — Diluted		330,001			322,860			2.2

bp — change is measured as difference in basis points.
nm — not meaningful
* -ratios are annualized

Synovus 6 of 12

INCOME STATEMENTS

(Unaudited)
(In thousands, except per share data)	2007							2006					3rd Quarter
	Third			Second		First		Fourth		Third			’07 vs. ’06
	Quarter			Quarter		Quarter		Quarter		Quarter			Change
Interest Income (Taxable Equivalent)	$	573,514			565,737		549,253		547,088		535,038			7.2	%
Interest Expense		278,113			272,536		261,637		253,998		241,027			15.4
Net Interest Income (Taxable Equivalent)		295,401			293,201		287,616		293,090		294,011			0.5
Tax Equivalent Adjustment		1,238			1,295		1,354		1,458		1,409			(12.1	)
Net Interest Income		294,163			291,906		286,262		291,632		292,602			0.5
Provision for Loan Losses		58,770			20,281		20,515		18,675		18,390			219.6
Net Interest Income After Provision		235,393			271,625		265,747		272,957		274,212			(14.2	)
Non-Interest Income:
Electronic Payment Processing Services		238,495			243,411		228,742		302,370		231,753			2.9
Merchant Acquiring Services		65,163			64,277		60,680		64,957		65,548			(0.6	)
Other Transaction Processing Services Revenue		53,940			54,847		53,123		51,634		44,813			20.4
Service Charges on Deposits		28,736			28,050		26,370		28,136		29,292			(1.9	)
Fiduciary and Asset Management Fees		12,306			12,434		12,262		12,710		11,868			3.7
Brokerage and Investment Banking Revenue		8,123			7,809		7,449		6,721		6,502			24.9
Mortgage Banking Income		5,955			7,695		7,226		6,837		8,440			(29.4	)
Bankcard Fees		11,923			11,567		11,880		11,218		11,438			4.2
Securities Gains (Losses)		186			258		447		—		(982	)	nm
Other Fee Income		9,910			10,411		9,427		9,079		10,024			(1.1	)
Other Non-Interest Income		29,152			15,461		10,726		21,707		10,057			189.9
Non-Interest Income before Reimbursable Items		463,889			456,220		428,332		515,369		428,753			8.2
Reimbursable Items		98,172			95,828		85,727		83,894		99,187			(1.0	)
Total Non-Interest Income		562,061			552,048		514,059		599,263		527,940			6.5
Non-Interest Expense:
Personnel Expense		261,122			261,768		254,953		256,691		256,220			1.9
Occupancy and Equipment Expense		97,412			94,234		92,914		116,470		100,504			(3.1	)
Other Non-Interest Expense		100,985			103,087		98,557		115,755		98,995			2.0
Spin-off Related Expenses		5,937			361		—		—		—		nm
Non-Interest Expense before Reimbursable Items		465,456			459,450		446,424		488,916		455,719			2.1
Reimbursable Items		98,172			95,828		85,727		83,894		99,187			(1.0	)
Total Non-Interest Expense		563,628			555,278		532,151		572,810		554,906			1.6
Minority Interest in Consolidated Subsidiaries		13,674			13,187		11,278		16,790		10,406			31.4
Income from Continuing Operations before Income Taxes		220,152			255,208		236,377		282,620		236,840			(7.0	)
Income Taxes		78,068			96,658		89,624		107,073		82,774			(5.7	)
Income from Continuing Operations		142,084			158,550		146,753		175,547		154,066			(7.8	)
Discontinued Operations, Net of Income Taxes		—			4,200		—		—		—		nm
Net Income	$	142,084			162,750		146,753		175,547		154,066			(7.8	)
Basic Earnings Per Share
Income from Continuing Operations	$	0.43			0.49		0.45		0.54		0.48			(8.8)	%
Net Income		0.43			0.50		0.45		0.54		0.48			(8.8	)
Diluted Earnings Per Share
Income from Continuing Operations		0.43			0.48		0.45		0.54		0.47			(8.7	)
Net Income		0.43			0.49		0.45		0.54		0.47			(8.7	)
Dividends Declared Per Share		0.21			0.21		0.21		0.20		0.20			5.1
Return on Average Assets *		1.70	%		2.00		1.86		2.22		2.00		(30) bp
Return on Average Equity *		14.02			16.69		15.94		19.03		17.63			(361	)
Average Shares Outstanding — Basic		327,215			326,410		325,687		324,555		323,657			1.1	%
Average Shares Outstanding — Diluted		330,160			330,263		329,573		328,122		326,834			1.0

bp — change is measured as difference in basis points.
nm — not meaningful
* — ratios are annualized

Synovus

7 of 12

Financial Services Segment
     INCOME STATEMENTS
     (Unaudited)
     (In thousands)

	Nine Months Ended
	September 30,
	2007			2006			Change
Interest Income (Taxable Equivalent)	$	1,688,565			1,475,178			14.5	%
Interest Expense		822,445			633,918			29.7
Net Interest Income (Taxable Equivalent)		866,120			841,260			3.0
Tax Equivalent Adjustment		3,857			4,343			(11.2	)
Net Interest Income		862,263			836,917			3.0
Provision for Loan Losses		99,566			56,473			76.3
Net Interest Income After Provision		762,697			780,444			(2.3	)
Non-Interest Income:
Service Charges on Deposits		83,157			84,281			(1.3	)
Fiduciary and Asset Management Fees		37,652			35,707			5.4
Brokerage and Investment Banking Revenue		23,381			20,009			16.9
Mortgage Banking Income		20,876			22,419			(6.9	)
Bankcard Fees		35,370			33,085			6.9
Securities Gains (Losses)		891			(2,119	)	nm
Other Fee Income		29,749			29,664			0.3
Other Non-Interest Income		58,953			38,791			52.0
Total Non-Interest Income		290,029			261,837			10.8
Non-Interest Expense:
Personnel Expense		345,690			335,243			3.1
Occupancy and Equipment Expense		82,914			73,899			12.2
Other Non-Interest Expense		164,281			151,961			8.1
Spin-off Related Expenses		4,606			—		nm
Total Non-Interest Expense		597,491			561,103			6.5
Income from Continuing Operations before Income Taxes		455,235			481,178			(5.4	)
Income Taxes		162,908			171,051			(4.8	)
Income from Continuing Operations		292,327			310,127			(5.7	)
Discontinued Operations, Net of Income Taxes		4,200			—		nm
Net Income	$	296,527			310,127			(4.4	)
Return on Average Assets *		1.27	%		1.48			(21	)bp
Return on Average Equity *		13.98			17.19			(321	)

bp — change is measured as difference in basis points.
nm — not meaningful
* — ratios are annualized

Synovus

8 of 12

Financial Services Segment
     INCOME STATEMENTS
     (Unaudited)
     (In thousands)

	2007							2006					3rd Quarter
	Third			Second		First		Fourth		Third			’07 vs. ’06
	Quarter			Quarter		Quarter		Quarter		Quarter			Change
Interest Income (Taxable Equivalent)	$	573,545			565,777		549,243		547,079		535,025			7.2	%
Interest Expense		281,478			276,017		264,950		256,760		242,875			15.9
Net Interest Income (Taxable Equivalent)		292,067			289,760		284,293		290,319		292,150			0.0
Tax Equivalent Adjustment		1,228			1,285		1,344		1,448		1,395			(11.9	)
Net Interest Income		290,839			288,475		282,949		288,871		290,755			0.0
Provision for Loan Losses		58,770			20,281		20,515		18,675		18,390			219.6
Net Interest Income After Provision		232,069			268,194		262,434		270,196		272,365			(14.8	)
Non-Interest Income:
Service Charges on Deposits		28,736			28,050		26,370		28,136		29,292			(1.9	)
Fiduciary and Asset Management Fees		12,524			12,658		12,473		12,921		12,078			3.7
Brokerage and Investment Banking Revenue		8,123			7,809		7,449		6,721		6,502			24.9
Mortgage Banking Income		5,955			7,695		7,226		6,837		8,440			(29.4	)
Bankcard Fees		11,923			11,567		11,880		11,218		11,438			4.2
Securities Gains (Losses)		186			258		447		—		(982	)	nm
Other Fee Income		9,910			10,411		9,427		9,079		10,024			(1.1	)
Other Non-Interest Income		28,837			17,883		12,231		22,682		12,527			130.2
Total Non-Interest Income		106,194			96,331		87,503		97,594		89,319			18.9
Non-Interest Expense:
Personnel Expense		115,941			115,822		113,927		115,130		113,842			1.8
Occupancy and Equipment Expense		28,055			27,572		27,290		26,370		25,566			9.7
Other Non-Interest Expense		56,429			54,267		53,580		61,930		51,899			8.7
Spin-off Related Expenses		4,245			361		—		—		—		nm
Total Non-Interest Expense		204,670			198,022		194,797		203,430		191,307			7.0
Income from Continuing Operations before Income Taxes		133,593			166,503		155,140		164,360		170,377			(21.6	)
Income Taxes		47,121			61,055		54,733		59,384		60,394			(22.0	)
Income from Continuing Operations		86,472			105,448		100,407		104,976		109,983			(21.4	)
Discontinued Operations, Net of Income Taxes		—			4,200		—		—		—		nm
Net Income	$	86,472			109,648		100,407		104,976		109,983			(21.4	)
Return on Average Assets *		1.08	%		1.40		1.33		1.39		1.49			(41	)bp
Return on Average Equity *		11.76			15.37		14.95		15.45		17.04			(528	)

bp — change is measured as difference in basis points.
nm — not meaningful
* — ratios are annualized

Synovus

9 of 12

BALANCE SHEETS	September 30, 2007			December 31, 2006			September 30, 2006
(Unaudited)
(In thousands, except share data)
ASSETS
Cash and due from banks	$	944,215			889,975			790,602
Interest earning deposits with banks		4,318			19,389			17,444
Federal funds sold and securities purchased under resale agreements		113,654			101,091			308,300
Trading account assets		33,009			15,266			15,031
Mortgage loans held for sale		165,837			175,042			158,690
Investment securities available for sale		3,628,766			3,352,357			3,269,889
Loans, net of unearned income		25,774,656			24,654,552			24,192,596
Allowance for loan losses		(356,887	)		(314,459	)		(319,973	)
Loans, net		25,417,769			24,340,093			23,872,623
Premises and equipment, net		803,528			752,738			723,974
Contract acquisition costs and computer software, net		351,576			383,899			403,702
Goodwill, net		682,047			669,515			681,720
Other intangible assets, net		49,933			63,586			50,900
Other assets		1,381,011			1,091,822			1,052,007
Total assets	$	33,575,663			31,854,773			31,344,882
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Deposits:
Non-interest bearing retail and commercial deposits	$	3,564,105			3,538,598			3,659,629
Interest bearing retail and commercial deposits		17,887,961			17,741,354			17,103,778
Total retail and commercial deposits		21,452,066			21,279,952			20,763,407
Brokered time deposits		2,872,978			3,014,495			3,199,157
Total deposits		24,325,044			24,294,447			23,962,564
Federal funds purchased and other short-term liabilities		2,568,759			1,572,809			1,582,037
Long-term debt		1,760,162			1,350,139			1,363,519
Other liabilities		585,631			692,019			654,742
Total liabilities		29,239,596			27,909,414			27,562,862
Minority interest in consolidated subsidiaries		274,571			236,709			218,073
Shareholders’ equity:
Common stock, par value $1.00 a share (1)		334,095			331,214			330,474
Additional Paid in Capital		1,107,653			1,033,055			1,009,976
Treasury stock (2)		(113,944	)		(113,944	)		(113,944	)
Accumulated other comprehensive income(loss)		23,339			(2,129	)		(7,519	)
Retained earnings		2,710,353			2,460,454			2,344,960
Total shareholders’ equity (3)		4,061,496			3,708,650			3,563,947
Total liabilities and shareholders’ equity	$	33,575,663			31,854,773			31,344,882

(1)	Common shares outstanding: 328,433,944; 325,552,375; and 324,812,048 at September 30, 2007, December 31, 2006, and
	September 30, 2006, respectively.
(2)	Treasury shares: 5,661,538 at September 30, 2007, December 31, 2006, and September 30, 2006.
(3)	Book value per share: $12.37 ; $11.39; and $10.97 at September 30, 2007, December 31, 2006, and September 30, 2006, respectively.

Synovus

10 of 12

AVERAGE BALANCES AND YIELDS/RATES *
(Unaudited)
(Dollars in thousands)

	2007									2006
	Third			Second			First			Fourth			Third
	Quarter			Quarter			Quarter			Quarter			Quarter
Interest Earning Assets
Taxable Investment Securities	$	3,495,017			3,420,831			3,301,137			3,178,852			3,025,507
Yield		4.82	%		4.83			4.77			4.51			4.39
Tax-Exempt Investment Securities	$	170,211			178,183			185,012			193,737			197,024
Yield (taxable equivalent)		6.74	%		6.75			6.84			6.95			6.70
Trading Account Assets	$	56,217			59,311			64,204			34,471			53,181
Yield		7.06	%		6.47			5.65			6.67			5.30
Commercial Loans	$	21,820,687			21,739,107			21,242,921			20,791,108			20,407,139
Yield		8.13	%		8.20			8.24			8.25			8.23
Consumer Loans	$	915,847			896,267			928,256			928,521			929,964
Yield		8.17	%		8.14			8.01			7.98			7.96
Mortgage Loans	$	1,152,621			1,110,754			1,081,760			1,089,794			1,091,425
Yield		7.10	%		7.03			6.98			6.99			6.93
Credit Card Loans	$	277,445			275,105			270,444			268,705			265,120
Yield		10.96	%		10.64			11.17			10.89			10.86
Home Equity Loans	$	1,444,411			1,407,005			1,385,012			1,316,842			1,252,803
Yield		7.80	%		7.82			7.68			7.82			7.97
Allowance for Loan Losses	$	(335,406	)		(329,028	)		(317,977	)		(317,603	)		(318,195	)
Loans, Net	$	25,275,605			25,099,210			24,590,416			24,077,367			23,628,256
Yield		8.21	%		8.26			8.28			8.29			8.29
Mortgage Loans Held for Sale	$	176,448			163,364			160,482			149,113			130,196
Yield		6.91	%		6.18			6.07			6.02			6.51
Federal Funds Sold and Other Short-Term Investments	$	89,754			131,092			147,932			120,804			155,200
Yield		5.53	%		5.42			5.61			5.40			5.32
Total Interest Earning Assets	$	29,263,252			29,051,991			28,449,183			27,754,344			27,189,364
Yield		7.78	%		7.81			7.82			7.83			7.81
Interest Bearing Liabilities
Interest Bearing Demand Deposits	$	3,047,279			3,141,899			3,113,531			3,034,375			2,946,646
Rate		2.24	%		2.28			2.30			2.18			2.03
Money Market Accounts	$	7,588,170			7,388,012			7,083,633			6,956,181			6,587,365
Rate		4.44	%		4.49			4.49			4.45			4.38
Savings Deposits	$	479,479			497,422			502,948			514,317			547,779
Rate		0.48	%		0.57			0.68			0.72			0.72
Time Deposits Under $100,000	$	2,917,089			3,020,881			3,037,815			3,003,141			2,917,518
Rate		4.81	%		4.85			4.79			4.64			4.38
Time Deposits Over $100,000 (less brokered time deposits)	$	4,029,091			4,118,221			4,101,471			3,997,493			3,756,853
Rate		5.12	%		5.19			5.15			5.07			4.92
Total Interest Bearing Core Deposits		18,061,108			18,166,435			17,839,398			17,505,507			16,756,161
Rate		4.18	%		4.22			4.20			4.12			3.97
Brokered Time Deposits	$	3,188,310			3,175,161			3,030,793			3,137,889			3,165,905
Rate		5.19	%		5.05			5.08			5.01			4.85
Total Interest Bearing Deposits	$	21,249,418			21,341,596			20,870,191			20,643,396			19,922,066
Rate		4.33	%		4.34			4.33			4.26			4.11
Federal Funds Purchased and Other Short-Term Liabilities	$	1,928,206			1,711,310			1,690,049			1,283,832			1,553,699
Rate		4.70	%		4.90			4.87			4.72			4.73
Long-Term Debt	$	1,707,765			1,565,014			1,450,466			1,360,635			1,364,226
Rate		5.31	%		5.12			5.05			4.90			4.57
Total Interest Bearing Liabilities	$	24,885,389			24,617,920			24,010,706			23,287,863			22,839,991
Rate		4.43	%		4.43			4.41			4.32			4.18
Non-Interest Bearing Demand Deposits	$	3,384,998			3,372,063			3,372,105			3,469,233			3,528,942
Shareholders’ Equity	$	4,020,615			3,910,907			3,733,523			3,659,996			3,467,029
Total Assets	$	33,113,667			32,710,807			32,022,912			31,307,991			30,613,827
Net Interest Margin		4.02	%		4.05			4.10			4.20			4.30

* Yields and rates are annualized.

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11 of 12

LOANS OUTSTANDING AND NONPERFORMING LOANS COMPOSITION
(Unaudited)
(Dollars in thousands)

	September 30, 2007
				Loans as a %			Total		Nonperforming Loans
				of Total Loans			Nonperforming		as a % of Total
Loan Type	Total Loans			Outstanding			Loans		Nonperforming Loans
Multi-Family	$	449,814			1.8	%	$	345		0.2	%
Hotels		591,527			2.3			—		—
Office Buildings		881,138			3.4			4,467		2.0
Shopping Centers		739,334			2.9			83		—
Commercial Development		937,367			3.6			6,125		2.7
Other Investment Property		608,227			2.4			324		0.2
Total Investment Properties		4,207,407			16.4			11,344		5.1
1-4 Family Construction		2,302,842			8.9			59,642		26.6
1-4 Family Perm / Mini-Perm		1,219,577			4.7			13,268		5.9
Residential Development		2,269,844			8.8			56,541		25.2
Total 1-4 Family Properties		5,792,263			22.4			129,451		57.7
Land Acquisition		1,476,042			5.7			8,782		3.9
Total Commercial Real Estate		11,475,712			44.5			149,577		66.7
Commercial , Financial, and Agricultural		6,281,941			24.4			43,935		19.6
Owner-Occupied		4,197,447			16.3			11,725		5.2
Total Commercial & Industrial		10,479,388			40.7			55,660		24.8
Home Equity		1,478,694			5.7			3,232		1.5
Consumer Mortgages		1,620,730			6.3			12,934		5.8
Credit Card		280,192			1.1			—		—
Other Retail Loans		485,928			1.9			2,652		1.2
Total Retail		3,865,544			15.0			18,818		8.5
Unearned Income		(45,988	)		(0.2	)		—		—
Total	$	25,774,656			100.0	%	$	224,055		100.0	%

LOANS OUTSTANDING BY TYPE COMPARISON
(Unaudited)
(Dollars in thousands)

	Total Loans						3Q07 vs. 4Q06						3Q07 vs. 3Q06
Loan Type	September 30, 2007			December 31, 2006			% change (1)			September 30, 2006			% change
Multi-Family	$	449,814			505,586			(14.7	)%	$	517,644			(13.1	)%
Hotels		591,527			643,180			(10.7	)		642,330			(7.9	)
Office Buildings		881,138			881,658			(0.1	)		888,397			(0.8	)
Shopping Centers		739,334			764,924			(4.5	)		749,189			(1.3	)
Commercial Development		937,367			876,570			9.3			958,636			(2.2	)
Other Investment Property		608,227			434,298			53.5			406,880			49.5
Total Investment Properties		4,207,407			4,106,216			3.3			4,163,076			1.1
1-4 Family Construction		2,302,842			2,347,025			(2.5	)		2,244,886			2.6
1-4 Family Perm / Mini-Perm		1,219,577			1,193,895			2.9			1,199,959			1.6
Residential Development		2,269,844			2,036,207			15.3			1,963,061			15.6
Total 1-4 Family Properties		5,792,263			5,577,127			5.2			5,407,906			7.1
Land Acquisition		1,476,042			1,402,402			7.0			1,307,168			12.9
Total Commercial Real Estate		11,475,712			11,085,745			4.7			10,878,150			5.5
Commercial, Financial, and Agricultural		6,281,941			5,875,854			9.2			5,711,488			10.0
Owner-Occupied		4,197,447			4,080,743			3.8			4,097,768			2.4
Total Commercial & Industrial		10,479,388			9,956,597			7.0			9,809,256			6.8
Home Equity		1,478,694			1,364,030			11.2			1,272,804			16.2
Consumer Mortgages		1,620,730			1,517,849			9.1			1,512,091			7.2
Credit Card		280,192			276,269			1.9			266,205			5.3
Other Retail Loans		485,928			500,757			(4.0	)		506,490			(4.1	)
Total Retail		3,865,544			3,658,905			7.6			3,557,590			8.7
Unearned Income		(45,988	)		(46,695	)		(2.0	)		(52,400	)		(12.2	)
Total	$	25,774,656			24,654,552			6.1	%	$	24,192,596			6.5	%

(1) Percentage change is annualized.

Synovus

12 of 12

CREDIT QUALITY DATA

(Unaudited)
(Dollars in thousands)	2007							2006				3rd Quarter
	Third			Second		First		Fourth		Third		’07 vs. ’06
	Quarter			Quarter		Quarter		Quarter		Quarter		Change
Nonperforming Loans	$	224,055			180,776		138,790		96,623		94,766		136.4	%
Other Real Estate		76,514			41,259		31,710		25,923		31,549		142.5
Nonperforming Assets		300,569			222,035		170,500		122,545		126,315		138.0
Allowance for Loan Losses		356,887			331,130		326,826		314,459		319,973		11.5
Net Charge-Offs — Quarter		33,013			15,978		8,148		24,190		12,111		172.6
Net Charge-Offs — YTD		57,139			24,126		8,148		60,217		36,027		58.6
Net Charge-Offs / Average Loans — Quarter		0.51	%		0.25		0.13		0.39		0.20
Net Charge-Offs / Average Loans — YTD		0.30			0.19		0.13		0.26		0.21
Nonperforming Loans / Loans & ORE		0.87			0.71		0.55		0.39		0.39
Nonperforming Assets / Loans & ORE		1.16			0.87		0.68		0.50		0.52
Allowance / Loans		1.38			1.30		1.30		1.28		1.32
Allowance / Nonperforming Loans		159.29			183.17		235.48		325.45		337.65
Allowance / Nonperforming Assets		118.74			149.13		191.69		256.61		253.31
Past Due Loans over 90 days		22,667			23,067		27,414		34,495		18,002
As a Percentage of Loans Outstanding		0.09			0.09		0.11		0.14		0.07
Total Past Dues		230,035			164,180		150,188		154,027		140,526
As a Percentage of Loans Outstanding		0.89			0.64		0.60		0.62		0.58

REGULATORY CAPITAL RATIOS (1)
(Unaudited)
(Dollars in thousands)

	September 30, 2007			December 31, 2006		September 30, 2006
Tier 1 Capital	$	3,622,904			3,254,603		3,067,156
Total Risk-Based Capital		4,729,790			4,319,062		4,137,129
Tier 1 Capital Ratio		11.42	%		10.87		10.36
Total Risk-Based Capital Ratio		14.91			14.43		13.98
Leverage Ratio		11.19			10.64		10.28

(1) September 30, 2007 information is preliminary.

EX-99.3

Exhibit 99.3

For Immediate Release

Contact:	Pat Reynolds	Greg Hudgison
	Investor Relations	Corporate Communications
	(706) 649-4973	(706) 644-0528

Synovus To Spin-off TSYS

October 25, 2007, Columbus, GA — Synovus (NYSE: SNV), the Columbus, Georgia-based financial services company, today announced that its Board of Directors has approved an agreement and plan of distribution with TSYS to spin-off to Synovus’ shareholders the shares of TSYS stock currently owned by Synovus. Synovus currently owns 80.8% of TSYS. The spin-off is expected to be tax-free to Synovus and its shareholders. TSYS, formed by Synovus in 1983, has grown to become the largest third-party card processor in the United States and one of the largest outsourced transaction processing vendors in the world. TSYS’ shares have traded publicly on the NYSE since 1989.

The distribution of the approximately 159.6 million TSYS shares owned by Synovus will be made to Synovus shareholders on a pro rata basis and is expected to occur on December 31, 2007. The record date for this distribution is currently expected to be on or around December 18, 2007.

Based on the number of Synovus shares outstanding as of September 30, 2007, Synovus expects that it would distribute approximately .49 share of TSYS for each share of Synovus stock; however, the final distribution ratio will be based on the number of Synovus shares outstanding on the record date and, accordingly, this preliminary distribution ratio is subject to change. Synovus shareholders will receive cash in lieu of fractional shares for amounts of less than one TSYS share.

Pursuant to the agreement and plan of distribution, TSYS will pay on a pro rata basis to its shareholders, including Synovus, a one-time cash dividend of $600mm or approximately $3.04 per TSYS share based on the number of TSYS shares outstanding as of September 30, 2007. The final per share dividend will be determined based on the number of TSYS shares outstanding on the record date for the TSYS cash dividend, which record date is currently expected to be on or around December 17, 2007. Pursuant to the agreement and plan of distribution, Synovus will receive approximately $485mm in proceeds from this one-time cash dividend.

Both the distribution of the TSYS shares by Synovus and the payment of the one-time cash dividend by TSYS are subject to certain conditions, including the approval of the

1

spin-off by the Georgia Department of Banking and Finance, which are set forth in the Agreement and Plan of Distribution between the parties, which is an exhibit to the Current Report on Form 8-K being filed by Synovus with the Securities and Exchange Commission.

Immediately following the distribution of TSYS shares, Synovus intends to adjust its dividend so that Synovus’ shareholders who retain their TSYS shares will initially receive, in the aggregate, the same dividend per share that existed before the spin-off. As a result, Synovus will lower its annual dividend per share from $0.82 to $0.68 and, immediately following the spin-off, TSYS intends for its annual dividend per share to remain at $0.28, which translates to an aggregate $0.82 dividend per share to Synovus shareholders who retain their TSYS shares. Decisions regarding future dividends will be made independently by the Synovus Board of Directors and the TSYS Board of Directors for their respective companies.

The decision by the Synovus Board of Directors to distribute Synovus’ ownership position in TSYS to Synovus’ shareholders followed the recommendation of a special committee of independent Synovus directors. The Synovus special committee and the Synovus Board of Directors both concluded that the spin-off is in the best interests of Synovus and its shareholders.

“I am extremely pleased to announce the decision to spin-off TSYS,” said Richard E. Anthony, Chairman and CEO of Synovus. “The Synovus Board of Directors believes that the spinning-off of TSYS will provide both companies opportunities to strategically accelerate growth. We are thrilled to have been part of the building of such a great company, and now watch proudly as TSYS becomes a stand alone leader in global payments processing with even more opportunity for future growth. We also look forward to the opportunity for the Synovus team to exclusively focus on becoming the premier regional banking company in the Southeast.”

Rationale for Spin-off

The spin-off has the potential to provide the following benefits:

o Unlocking the value of Synovus’ core banking franchise

o Enabling TSYS to enhance its growth and strategic position in the industry unfettered by current constraints on issuing shares and on incurring debt as a result of existing within a bank holding company structure

o Providing TSYS with an opportunity to broaden its investor base

o Allowing the leadership teams of Synovus and TSYS to focus on their respective core businesses

Synovus intends to leverage its key competitive strengths, including its decentralized customer delivery model, position in high-growth Southeast markets and commitment to being a great place to work, to ensure the delivery of unparalleled customer experiences

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and to continue its proven track record of exceptional performance as a bank holding company.

Synovus will take advantage of its new position post-spin to focus on growing and developing its highly skilled team of financial services experts, and will use available capital for growing its banking and investment businesses. Synovus believes that its customer-centric, decentralized delivery model is attractive to both retail and commercial customers who want the responsiveness and flexibility of a community bank, combined with the expertise, products and services of a bank that has the capacity to meet a variety of financial services needs.

“Giving our bankers and investment professionals the resources they need while empowering them to make relationship- and market-based decisions that are best for their customers offers us a truly unique edge in our markets,” said Anthony. “Leveraging our competitive differentiators, combined with our track record for excellent financial performance, strong leadership and highly ethical business standards, positions us for long-term success.”

In connection with the spin-off, J.P. Morgan Securities Inc. acted as financial advisor and King & Spalding acted as legal counsel for Synovus.

Webcast

Synovus will host a conference call at 4:30 p.m. ET today. Shareholders and other interested persons may listen to this conference call via simultaneous Internet broadcast at www.synovus.com by clicking on the “Live Webcast” icon on the homepage. The replay will be archived for 12 months and will be available approximately 30-45 minutes after the completion of the call. You may download RealPlayer or Windows Media Player (free download available) prior to accessing the actual call or the replay.

TSYS will also hold a conference call at 8:30 a.m. ET October 26, 2007. Interested persons may also listen to this conference call via simultaneous Internet broadcast at www.tsys.com by clicking on the “Conference Call” icon on the homepage. A replay will also be available approximately 30 minutes after the call.

Additional information about the TSYS Spin-off, including answers to frequently asked questions (FAQs), is available on www.synovus.com.

About Synovus

Synovus (NYSE: “SNV”) is a financial services holding company with $34 billion in assets based in Columbus, Georgia. Synovus provides commercial and retail banking, as well as investment services, to customers through 37 banks, 440 ATMs, and other Synovus offices in Georgia, Alabama, South Carolina, Florida and Tennessee; and electronic payment processing through an 81-percent stake in TSYS (NYSE: “TSS”), one of the world’s largest companies for outsourced payment services. The company focuses

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on its unique decentralized customer delivery model, position in high-growth Southeast markets and commitment to being a great place to work to ensure the delivery of unparalleled customer experiences. Synovus has been named one of “The 100 Best Companies to Work For” in America by FORTUNE magazine, and has been recognized in its Hall of Fame for consecutive appearances on the list since its inception in 1998. See Synovus on the Web at www.synovus.com.

Forward-Looking and Cautionary Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 as amended by the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among others, statements identified by words or phrases such as “potential,” “opportunity,” “believe,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “assume,” “outlook,” “continue,” “seek,” “plans,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions. Examples of such forward-looking statements include those regarding our expectations about the spin-off, the associated pre-spin cash dividend and the timing associated therewith, as well as our expectations regarding the potential benefits of the spin-off. These statements are based on the current beliefs and expectations of our management and are subject to significant risks and uncertainties. There can be no assurance that these transactions will occur or that the expected benefits associated therewith will be achieved. A number of important factors could cause actual results to differ materially from those contemplated by our forward-looking statements in this press release. Many of these factors are beyond our ability to control or predict. These factors include, but are not limited to, those found in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. We believe these forward-looking statements are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations. We do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise.

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EX-99.4

Exhibit 99.4

Questions and Answers

What does the decision by the Synovus Board of Directors to spin off TSYS mean?

TSYS will become a fully independent company no longer owned by Synovus. Synovus’ Board of Directors has approved an agreement providing for the spin-off to Synovus’ shareholders of all of the 80.8 percent of TSYS stock currently owned by Synovus. The spin-off is expected to be tax-free to Synovus and its shareholders. The distribution of the 159.6 million TSYS shares owned by Synovus will be made to Synovus shareholders on a pro rata basis and is expected to occur on December 31, 2007. The record date for this distribution is currently expected to be on or around December 18, 2007. Based on the number of Synovus shares outstanding as of September 30, 2007, Synovus expects that it would distribute approximately .49 share of TSYS for each share of Synovus stock; however, the final distribution ratio will be based on the number of Synovus shares outstanding on the record date and, accordingly, this preliminary distribution ratio is subject to change. Synovus shareholders will receive cash in lieu of fractional shares for amounts of less that one TSYS share.

What were the terms of the cash dividend involved?

As part of the spin-off transaction, TSYS will pay on a pro rata basis to its shareholders, including Synovus, a one-time cash dividend of $600mm or approximately $3.04 per TSYS share based on the number of TSYS shares outstanding as of September 30, 2007. The final per share dividend will be determined based on the number of TSYS shares outstanding on the record date for the TSYS cash dividend, which record date is currently expected to be on or around December 17, 2007. Synovus will receive approximately $485mm in proceeds from this one-time cash dividend.

How will Synovus shareholders benefit from this spin?

The Synovus Board of Directors has determined that it is in the best interest of shareholders to spin off TSYS, as we believe that the value and growth opportunity of both Synovus and TSYS will likely be greater as separate entities. The spin-off will allow our company to exclusively focus on becoming the premier regional banking company in the Southeast. We will take advantage of this opportunity to focus on growing and developing our highly skilled team of financial services experts, and will use available capital for growing our banking and investment businesses.

Synovus shareholders will receive information sometime in December, following the satisfaction of conditions to the spin-off, with details about how the TSYS shares will be distributed to Synovus shareholders.

When will the transaction take place?

The distribution of the 159.6 million TSYS shares owned by Synovus will be made to Synovus shareholders on a pro rata basis and is expected to occur on December 31, 2007.

What is the proposed timeline for the two companies to be separated?

Although Synovus and TSYS are expected to be separated December 31, 2007, there will be a period of time during which the companies will share some operational services, possibly through the end of 2008.

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What did the Synovus Board of Directors consider in its decision around this spin-off transaction?

The Board’s decision was based on what is in the best interest of Synovus and its shareholders. Before a decision to spin was reached, the Board determined that the value and growth opportunity for both Synovus and TSYS would likely be greater as separate entities. The spin-off has the potential to provide the following benefits:

• Unlocking the value of Synovus’ core banking franchise

• Enabling TSYS to enhance its growth and strategic position in the industry unfettered by current constraints on issuing shares and on incurring debt as a result of existing within a bank holding company structure

• Providing TSYS with an opportunity to broaden its investor base

• Allowing the leadership teams of Synovus and TSYS to focus on their respective core businesses

What are the tax implications for the companies and for shareholders?

We expect to obtain an opinion from the King & Spalding law firm confirming that the transaction meets the tax-free spin-off requirements of the Internal Revenue Service and will not result in any additional tax liability for either company or their shareholders. The one-time cash dividend will be subject to standard dividend income taxation to TSYS’ shareholders other than Synovus.

Is shareholder approval needed from either company?

No approval is required from shareholders of either company for the spin-off or the pre-spin cash dividend; however, TSYS will ask its shareholders to approve certain amendments to its articles of incorporation and bylaws prior to the spin-off.

Is any regulatory approval needed?

Both companies will make the necessary regulatory filings as appropriate, including a filing by Columbus Bank and Trust, the banking subsidiary of Synovus which directly holds the TSYS shares, with the Georgia Department of Banking and Finance, but we do not foresee any regulatory roadblocks.

How might Synovus banking customers be impacted by this change?

Customers will continue to enjoy the same levels of service, quality products and local relationships as today. Synovus’ community bankers and investment experts remain empowered to make customer-centered, market-based decisions with the same access to resources needed to offer most any financial services solution.

What challenges will Synovus face without TSYS?

While TSYS has certainly been a key revenue contributor to Synovus for many years, we were a strong banking company before TSYS, throughout our ownership period, and we intend to continue that tradition after our companies are separated. Leveraging our competitive differentiators, combined with our track record for excellent long-term financial performance, strong leadership and highly ethical business standards, positions us for success.

How will Synovus position itself now for growth?

Synovus must continue to earn the right with our shareholders to maintain our independent position through an efficiently-run organization that produces superior performance and increased stock value. Leveraging our competitive differentiators, combined with our track record for excellent financial performance, strong leadership and highly ethical business standards, positions us for long-term success.

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Just two years into our five year strategic growth plan, we have already invested significantly in our retail and commercial banking strategies, resulting in increased sales and an increase in customers; achieved better integration between FMS, mortgage and our banks, resulting in more seamless customer service and more referrals; and invested more resources in identifying and developing emerging technology that will offer alternative ways for customers to access our products and services.

Building on this momentum, we will emphasize these four areas for growth: Attracting, growing and retaining the best talent in the business.

• Accountability for high performance and improved communication between leaders and their teams.

• Leveraging our unique, decentralized delivery model to attract key talent who like our business approach.

• Striving always to be the employer of choice.

Growing organically.

• Broadening existing relationships by recognizing that selling our customers the financial services solutions they need is part of fulfilling our commitment to offering them the absolute best customer experience in the business.

Growing through entry into new markets.

• Considering moving into new markets, even new states, through potential acquisitions that fit our culture, de novo entries and branching.

Continuing to diversify.

• Endeavoring to diversify our commercial loan portfolio to better balance between commercial real estate, C&I and retail lending.

• Capitalizing on all of our product lines, including our commercial, retail, investment and specialty lines of business, and continuing to integrate those lines into our bank channels for seamless customer delivery.

• Remaining open to opportunistic investments in non-banking, non-interest income-generating arenas, while not becoming distracted from becoming the premier regional bank in the Southeast.

Will Synovus maintain its decentralized delivery structure?

Synovus will continue to operate in a decentralized delivery structure, which is attractive to both retail and commercial customers who want the responsiveness and flexibility of a community bank, combined with the expertise, products and services of a bank that has the capacity to meet any financial services need. Giving our bankers and investment professionals the resources they need while empowering them to make relationship- and market-based decisions that are best for their customers offers us a truly unique edge in our markets. In addition, leveraging our unique model will attract key talent who like our business approach.

Is Synovus considering any potential acquisitions?

Acquisitions have historically been a component of our growth strategy at Synovus. While as a matter of policy, we do not comment on specific situations, as a general matter, we carefully consider potential opportunities to grow strategically, which may from time-to-time include potential acquisitions.

Have you spoken to any local politicians or elected representatives regarding the spin?

We are currently informing all of our key stakeholders about the announcement, including pertinent civic and elected officials.

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Will Synovus’ headquarters remain in Columbus?

Yes, Synovus will remain headquartered in Columbus and is committed to continuing our contribution to the community.

Will the spin off result in workforce reductions at Synovus or TSYS?

A relatively small number of team members will be affected by the separation of shared services and a majority of those team members will be re-deployed between the two companies.

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